2036 Forecast Reveals Air Passengers Will Nearly Double to 7.8 Billion
The International Air Transport Association (IATA) expects 7.8 billion passengers to travel in 2036, a near doubling of the 4 billion air travelers expected to fly this year. The prediction is based on a 3.6% average Compound Annual Growth Rate (CAGR) noted in the release of the latest update to the association"™s 20-Year Air Passenger […]
Global Aviation Kerosene Market 2017 "“ Air BP, Chevron , Exide, Exxon Mobil, Gazprom
Global Aviation Kerosene market size is estimated to drop from USD xx million in 2017 to USD xx million by 2022 at an estimated CAGR of xx%, as a result of cost inflation around the world. Aviation Kerosene market report profiles some of the key technological developments in the recent times. It also profiles some […]
Aircraft Ground Support Equipment Market Set to Grow Exponentially During the Forecast, 2027
Aircraft ground support equipment and vehicles are used to transport passengers, freight & baggage and support repair & maintenance functions. In airports, equipment fall into two broader categories, i.e. land side (passenger entry side of airport) and air side (boarding/departure side). Ground support equipment includes vehicles used for fueling on the air-side and airplane maintenance. […]
Air Cargo Ends 2016 on a Positive Note
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs) grew by 3.8% in 2016 compared to 2015. This was nearly double the industry"™s average growth rate of 2.0% over the last five years. Freight capacity, measured in available freight tonne kilometers (AFTKs), […]
Another Strong Year for Airline Profits in 2017
The International Air Transport Association (IATA) announced that it expects the global airline industry to make a net profit in 2017 of $29.8 billion. On forecast total revenues of $736 billion, that represents a 4.1% net profit margin. This will be the third consecutive year (and the third year in the industry"™s history) in which […]
Five-year Forecast Shows Improved Outlook for Air Cargo
The International Air Transport Association (IATA) Airline Industry Forecast 2014-2018 shows that international freight volumes are expected to increase at a compound annual growth rate (CAGR) of 4.1% over the next five years. Emerging economies, particularly in the Middle East and Africa, will be the fastest-growing markets. «Air cargo remains as vital to the global […]
